Quote from: Bitwave01 on June 27, 2024, 10:36:16 PM

There are a lot of EFCC folks who are pretending to be vendors with verify account trying to implicate a lot of people.
We encountered one, few days ago, we traded with him after all confirmation, he send the money equivalent to our bank but guess what he wrote scam and fraud on description.
When we receive the money and saw what he wrote, we immediately tried to pull out the funds but it was more than the transfer limit, so we decided to do it bit by bit, after the first transfer the account got restricted.

Thank you for sharing this update. This will really help the newbies that are not conversant with transactions like this and can easily fall victims of such actions. I don’t know why the government is trying every means to make the use of cryptocurrencies very hard for the common Nigerians that have found a means of survival through this means. I don’t wish they get lucky with more people, they’re just making things hard for the youths when the country is already in hardship and hard economy times.

Quote from: Smartvirus on June 27, 2024, 10:43:43 PM

This completely eliminate chances of any new vendor, possibly from another exchanged having to register and create a name for themselves on a new exchange. Well, caution isn’t something you throw to the wind as, it’s indeed true that these government agencies are out to infiltrate systems and make the most of peoples legit way of doing business in the most uncultured way.

You have to take it serious still and not mind what it will cause to new vendors. Trying to feel pitiful to also help new vendors to get some number of trades can implicate you, so it is better to desist from it. If new vendors on Bybit wants to get more rating and more number of trades, they can contact their normal customers to trade with them on Bybit for many number of times in order to also stand the chance to get new customers on Bybit. Nothing can be traded for your privacy.